SOURCE: IO News Wire

IO News Wire

January 08, 2010 07:30 ET

(OTC: BZCN) Reports Robust Response From Customers

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO News Wire.

NEW YORK, NY--(Marketwire - January 8, 2010) - BizAuctions, Inc. (PINKSHEETS: BZCN), a reseller of excess inventory, overstocks and returns, announced yesterday that its holiday season sales were well received by customers.

Excess inventory retailers like BizAuctions and Overstock.com (NASDAQ: OSTK) often see a boost around the holidays. Reports from the International Council of Shopping Centers (ICSC) show same store sales up 2.8% in December 2009, the best showing since April 2008.

With more shoppers turning to discounted shopping venues, BizAuction should see an influx of sales for the remaining inventory purchased for the holiday sales rush.

Other active stocks are Gold Entertainment Group (PINKSHEETS: GEGP) and BIDZ.com Inc (NASDAQ: BIDZ)

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